Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Aug. 31, 2014
Aug. 31, 2013
Current assets    
Cash and cash equivalents $ 109,012 $ 103,986
Accounts receivable, net 227,008 219,075
Inventories, net 162,620 142,549
Deferred income taxes 11,050 18,796
Prepaid expenses and other current assets 33,300 28,228
Assets of discontinued operations 0 272,606
Total current assets 542,990 785,240
Property, plant and equipment    
Land, buildings, and improvements 52,989 52,669
Machinery and equipment 281,763 305,200
Gross property, plant and equipment 334,752 357,869
Less: Accumulated depreciation (165,651) (156,373)
Property, plant and equipment, net 169,101 201,496
Goodwill 742,770 734,952
Other intangibles, net 365,177 376,692
Other long-term assets 36,841 20,952
Total assets 1,856,879 2,119,332
Current liabilities    
Trade accounts payable 145,798 154,049
Accrued compensation and benefits 52,964 43,800
Current maturities of debt 4,500 0
Income taxes payable 38,347 14,014
Other current liabilities 57,512 56,899
Liabilities of discontinued operations 0 53,080
Total current liabilities 299,121 321,842
Long-term debt 385,500 515,000
Deferred income taxes 96,970 115,865
Pension and postretirement benefit liabilities 15,699 20,698
Other long-term liabilities 57,878 65,660
Total liabilities 855,168 1,039,065
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 78,480,780 and 77,001,144 shares, respectively 15,695 15,399
Additional paid-in capital 93,449 49,758
Treasury stock, at cost, 12,195,359 shares and 3,983,513 shares, respectively (388,627) (104,915)
Retained earnings 1,349,602 1,188,685
Accumulated other comprehensive loss (68,408) (68,660)
Stock held in trust (4,083) (3,124)
Deferred compensation liability 4,083 3,124
Total shareholders’ equity 1,001,711 1,080,267
Total liabilities and shareholders’ equity $ 1,856,879 $ 2,119,332